BBGI Global Infrastructure has made a social infrastructure investment in the UK with the acquisition of assets in the London Borough of Tower Hamlets.
The FTSE 250 global infrastructure investment company said it is paying between £20m (€23m) and £30m to buy the asset which includes two recreation facilities and 100 affordable residential units.
London Borough of Tower Hamlets is responsible for the operation of the leisure centre and the affordable housing units.
Co-CEOs Duncan Ball and Frank Schramm said: “We are delighted to complete this high-quality availability-based social infrastructure investment with strong ESG credentials. Our strategy is to remain disciplined and selective in our approach to acquisition opportunities by only investing in availability-based assets that also align with our ESG principles, and not in higher-risk infrastructure asset classes.”
To read the digital edition of the latest IPE Real Assets magazine click here.